Leading insurance brokers U.S. 2016, by revenue
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Commercial non-life insurance broking markets outside of Europe and North America are growing rapidly and will account for Finaccord estimates global commercial non-life insurance broking insurance broker market share at USD While most markets in Europe saw only moderate increases or declines in revenue over that period of time, emerging markets experienced high growth rates, led by India with a nominal compound annual growth rate of As far as the geographical distribution of broking revenues is concerned, the research indicates that taken together Canada and the US accounted for This was a consequence of the enormous value of premiums in the underlying market for commercial non-life insurance in North America and the fact that brokers including independent agents dominate distribution in both Canada and the US.
Indeed, the share insurance broker market share brokers as opposed to tied agents or direct sales in the distribution of commercial non-life insurance in Canada is estimated to be the highest in the world at Finaccord expects that the value of the global market for commercial non-life insurance broking revenues will further increase to USD Between andthe share of North America within the global total is likely to decline slightly to Meanwhile, countries elsewhere in the world i.
India is expected to enjoy the highest growth rate as Finaccord predicts that it is likely to more than double its existing market for commercial non-life insurance broking revenues between and Finaccord also carried out detailed analyses of the leading commercial lines brokers in each of the 30 markets investigated.
Insurance broker market share, Aon is estimated to have bigger lead over Marsh in Europe and in the rest of the world. Across the 30 countries surveyed by Finaccord, Aon was found to be the market leader in commercial lines broking in 16 countries ahead of Marsh which was the largest in eight.
Meanwhile, Finaccord identified six countries in which neither of these two international groups was market leader. However, outside of the major insurance broker market share, the pool of viable acquisition targets can often be limited. Finaccord is a market research, publishing and consulting company specialising in financial services. It provides its clients with insight into and information about major issues in financial services in the UK, Europe and globally, with a particular focus on marketing and distribution topics such as affinity marketing, bancassurance and strategic alliances.
It insurance broker market share accident and health as well as life insurance and other forms insurance broker market share employee benefits. It also excludes reinsurance, wholesale insurance and income generated by brokers from underwriting or from intermediating non-insurance financial products. Sample graphics from the researchshowing geographical option trader demo account for global commercial non-life insurance broking revenues inandand the estimated shares of global commercial non-life insurance broking revenues held by Aon, Marsh and Willis in Join the Global Affinity Finance Club.